Glenn Henderson and Tim Calveley have completed their acquisition of fund administrator Butterfield Fulcrum in partnership with BV Investment Partners.
The acquisition includes FORS Limited, an independent provider of family office and wealth management reporting and administrative services, as previously reported by Global Custodian.
With the combination of Butterfield Fulcrum and FORS, the company will offer comprehensive outsourcing solutions across the alternative investment management, family office and trust industries. The two companies will continue to be run as separate businesses by their respective management.
Glenn Henderson will take on the role of CEO of Butterfield Fulcrum while Tim Calveley will become COO of the parent company and continue as CEO of FORS. Sean Foley has been appointed CFO of Butterfield Fulcrum, effective immediately, while Chris Mulhern will continue in his role as COO & president.
We are delighted to announce the closing of this acquisition, Henderson says. This brings together two highly complementary businesses that are focused on client delivery, quality products and services, and a high level of industry expertise and experience that resides in a talented team of senior level executives and staff.